Forming a company takes a few days. Keeping it compliant is a commitment for every year of its life. Company law penalties are charged per day of delay and fall on the company as well as its directors, and unlike many tax defaults they do not stop running until the form is filed.
We set up the right structure for your business and then take over the compliance calendar, so that filings, registers and resolutions are in place before anyone asks for them, whether that is a bank, an investor or the Registrar.
Choosing the right structure
Private limited company
Suited to businesses that plan to raise funds, add shareholders or build a brand with limited liability.
One person company
A company with a single owner, for founders who want limited liability without a second shareholder.
Limited liability partnership
Limited liability with lighter compliance, often chosen by professional firms and closely held businesses.
Section 8 company
A not-for-profit company for charitable, educational or social objectives.
Incorporation: what is included
- Advice on structure, capital, shareholding and object clause
- Name search and reservation
- Digital signatures and Director Identification Numbers
- Drafting of the Memorandum and Articles of Association, or the LLP agreement
- Incorporation application with PAN and TAN
- Guidance on opening the bank account and bringing in the subscription money
- GST, Udyam and other registrations needed to start operations
Immediately after incorporation
- First board meeting and its minutes
- Appointment of the first auditor
- Declaration of commencement of business in Form INC-20A within 180 days of incorporation
- Share certificates and statutory registers
- Accounting set-up and a compliance calendar for the first financial year
Annual compliance
Financial statements: AOC-4
Filed within 30 days of the annual general meeting, with the board’s report and the audit report.
Annual return: MGT-7 or MGT-7A
Filed within 60 days of the annual general meeting.
Auditor appointment: ADT-1
Intimation of appointment or reappointment of the statutory auditor.
Director KYC: DIR-3 KYC
Now required once in three financial years, by 30 June of the relevant year, with any change in a director’s details to be updated within 30 days.
Return of deposits: DPT-3
Yearly return of deposits and of loans that are not treated as deposits.
LLP filings: Form 11 and Form 8
Annual return by 30 May and statement of account and solvency by 30 October.
Event-based filings
- Appointment, resignation or change in designation of directors
- Change of registered office, within the city or to another State
- Increase in authorised capital and allotment of shares
- Transfer of shares and changes in shareholding
- Creation, modification and satisfaction of charges on bank loans
- Change of name or objects
- Conversion from one form of entity to another
- Closure and striking off of companies and LLPs that are no longer in use
Frequently asked questions
How long does it take to register a company?
Once the documents and digital signatures are ready and the name is approved, incorporation is normally completed within a few working days. The time depends on name availability and processing at the registry.
My company has no business yet. Do I still have to file annual returns?
Yes. Every company and LLP has to file its annual forms each year, even with no turnover and no transactions. A dormant or unused entity should either be kept compliant or closed formally.
We have missed filings for earlier years. Can this be regularised?
In most cases it can. The pending forms are filed with additional fees, and where needed the default is compounded. We first prepare a year-wise status and cost estimate so that you can decide with full information.
Is a private limited company better than an LLP?
Neither is better in every case. A company is easier for raising equity and issuing shares to employees; an LLP has fewer filings and more flexibility in profit sharing. Tax, funding plans and the number of owners decide the choice.